US journalist Evan Gershkovich has been arrested in Russia on suspicion of espionage by the Federal Security Service (FSB). He is accused of attempting to collect information about the activities of a Russian military-industrial complex, which could result in a 20-year prison sentence. The incident has caused alarm among international media watchdogs, who are calling for Gershkovich's release and for press freedom to be respected.
Posts tagged as “The Wall Street Journal”
The collapse of Silicon Valley Bank has sent shockwaves through the financial world, with Senate Republicans denying the bank deregulation bill they passed in 2018 had anything to do with it. The Federal Reserve’s interest-rate hikes have been blamed for the bank run, and the Senate Banking Committee has written a bill that could shape the federal response. Experts suggest the whole debacle could have been avoided if the regulators had stepped in, but the exact cause of the bank’s collapse remains unclear.
The Biden administration has issued an ultimatum to TikTok, a popular social media app with over 100 million US users, to be sold by its Chinese owners or face a ban across the US. The move is in response to security concerns posed by the app's Chinese ownership, and marks a possible turning point in the long-running negotiations between federal officials and the company. TikTok has expressed disappointment with the ultimatum, and it remains to be seen how the company will respond.
The Justice Department has opened an investigation into the collapse of Silicon Valley Bank and Signature Bank. Customers and employees of both banks will have full access to their deposits, including insured and uninsured deposits, and the FDIC is working to ensure that they have access to their money. The outcome of the investigation is still unclear, but customers and employees can rest assured that their deposits are safe.
Key takeaways: The Energy Department’s report concluded with “low confidence” that it is plausible the COVID-19 pandemic originated from a laboratory leak. The report was…
Manhattan district attorney's office is set to present evidence to a grand jury on Monday regarding Donald Trump's alleged role in hush money payments to Stormy Daniels during his 2016 presidential campaign. The saga began in 2018 when The Wall Street Journal reported Michael Cohen, Trump's longtime attorney, paid Daniels $130,000 one month before the election. Prosecutors have also reached out to David Pecker, former head of the National Enquirer's publishing company, in connection with the investigation. If criminal charges are filed against Trump, it would mark a major milestone in the investigation.
Key takeaways: Abbott Laboratories is under investigation by the U.S. Department of Justice. The investigation follows the closure of a baby-formula plant in Sturgis, Michigan,…
Amazon, one of the world’s largest e-commerce companies, announced Wednesday that it will be cutting over 18,000 jobs. This is a larger number than the…